Western Asset Mortgage Opportunity Fund Inc. (DMO) to Issue Monthly Dividend of $0.10 on November 1st

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Rating) announced a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Shareholders of record on Monday, October 24th will be paid a dividend of 0.10 per share by the investment management company on Tuesday, November 1st. This represents a $1.20 annualized dividend and a yield of 9.68%. The ex-dividend date is Friday, October 21st.

Western Asset Mortgage Opportunity Fund has decreased its dividend payment by an average of 27.5% annually over the last three years.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of NYSE:DMO opened at $12.40 on Friday. Western Asset Mortgage Opportunity Fund has a 52-week low of $11.28 and a 52-week high of $16.29. The company has a 50 day moving average of $11.87 and a two-hundred day moving average of $12.88.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 2.7% during the first quarter. NewEdge Advisors LLC now owns 93,888 shares of the investment management company’s stock worth $1,255,000 after buying an additional 2,503 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Western Asset Mortgage Opportunity Fund by 7.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,534 shares of the investment management company’s stock worth $756,000 after buying an additional 3,741 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the first quarter worth approximately $313,000. Finally, Bank of America Corp DE grew its position in shares of Western Asset Mortgage Opportunity Fund by 520.3% during the first quarter. Bank of America Corp DE now owns 103,805 shares of the investment management company’s stock worth $1,388,000 after buying an additional 87,071 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

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Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.

See Also

Dividend History for Western Asset Mortgage Opportunity Fund (NYSE:DMO)

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